CIoD Advocates Shift to Performance-Driven Governance

The Chartered Institute of Directors (CIoD) in Nigeria is initiating a transition for Nigerian firms from compliance-driven corporate governance to performance-driven governance. This shift was highlighted during the launch of the 2026 Corporate Governance Outlook, which focuses on sustainable value and evolving board agendas.

Mr. Adetunji Oyebanji, the President and Chairman of the Governance Council of CIoD, emphasized that this outlook marks a significant milestone for the institute and reflects a belief in institutional governance frameworks that can achieve a triple bottom line of people, planet, and profit.

Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group Plc, delivered a goodwill message, underscoring the importance of boards of directors moving beyond mere compliance to drive innovation and long-term growth.

The keynote address was presented by Mr. Jude Chiemeka, Chief Executive Officer of NGX, who stressed the need for continuous professional development in companies to ensure relevance and rigor in governance practices.